Overseas cash card

Technology Bank of Valletta which accounts for almost half of Malta's banking transactions, had to shut down all of its operations on Wednesday after hackers broke into its systems and shifted funds overseas. 14 Feb 2019 01:46AM Bookmark VALLETTA: Bank of Valletta which accounts for almost half of Malta's banking transactions, had to shut down all of its operations on Wednesday after hackers broke into its systems and shifted funds overseas.Prime Minister Joseph Muscat told parliament the cyber attack involved the creation of false international payments totalling 13 million euros (US$14.7 million) to banks in Britain, the United States, the Czech Republic and Hong Kong.The funds have been traced and the Bank of Valletta is seeking to have the fraudulent transactions reversed.Muscat said the attack was detected soon after the start of business on Wednesday when discrepancies were noticed during the reconciliation of international transactions.Shortly after, the bank was … [Read more...] about Cyber attack on Malta bank tried to transfer cash abroad

In so doing, KBank has integrated data, human resources and business partners to personalise services that meet the needs of customers residing anywhere. The bank is aiming for Bt30 billion of data-driven lending, retail loan growth of 9-12 per cent, while also tapping into CCLMVI (China, Cambodia, Laos, Myanmar, Vietnam and Indonesia) markets. KBank’s income from overseas business is projected to increase by more than eightfold over the next three years, president Predee Daochai said on Monday. He added that the Thai banking sector has had to adjust to rapid changes in the economic and business environment, in particular consumer behavior and technologies, as evidenced by steady growth in digital transactions, given that the mobile Internet penetration rate in the country is at 82 per cent, while 74 per cent of all Thais conduct financial transactions via mobile banking, and 48.5 per cent shop online. In that context, the Thai banking … [Read more...] about KBank determined to be ‘more robust at home, ready for greater inroads overseas’

I’m okay with friends laughing at me: “What? You still prefer cash?” But when I pulled out a bill at a convenience store recently, the staffer at the cash register clucked his tongue at me. “I’ll never come here again,” I said to myself. A staff member at another convenience store explained the shop’s feelings by saying, “We appreciate customers who use smartphones because we don’t have to bother with change.” I accept this logic, but clucking one’s tongue at those who don’t comply seems extreme. Another day, I pulled out a 100-yuan note, the highest denomination, at a small restaurant. “Oh, cash?” a female employee said in an annoyed tone. After unlocking a drawer to get change, she handed me a bundle of five-yuan notes. Many shop assistants told me that payments by smartphone have soared since last year. An employee at a fresh juice shop targeting the young crowd said, “Yesterday about … [Read more...] about A cash carrier’s lonely resistance in a ‘smart’ new world

Watch more in iWantv or TFC.tv JERSEY CITY, NJ — Arvin Calica of Queens, New York is suing Analiza Daus-Amante for a bounced check payment for $20,500 –money she has owed Calica since last year plus interest. When Daus-Amante, the Filipina from Buda, Texas, invited Calica via Facebook messenger to invest in an onion farm in the Philippines, Calica said he trusted her with his life savings and sent her money via Western Union beginning September 2017. Calica also claimed Amante borrowed a few thousand more for her personal use. This time, Calica used his credit card to lend her money. “Nung December 4, ginamit niya 'yung credit card ko sa Pilipino restaurant na kakilala niya sa Austin, Texas: isang $1,700 at isa hong $2,000 dollars. Dahil sa tiwala ko binigay ko 'yung credit card ko aprub niya,” said Calica. (On December 4, she used my credit card at a Filipino restaurant [whose owner] she knows in Austin, Texas: one transaction of $1,700 and one $2,000. Because … [Read more...] about News
Overseas Pinoys scammed by fellow Filipino into investing in onion farm

Pittaya Virapanyasakul, executive vice president for credit cards at Krungthai Card Plc (KTC), said estimated spending put on credit would exceed that of last year’s festival, and would be in line with the 7-8 per cent increase seen for the first quarter of this year. A large share of the extra spending is expected to go on travel-related expenses, such as petrol, restaurants and overseas trips. In the second quarter of this year, credit-card spending is expected to grow steadily in almost all sectors, said Pittaya, indicating credit-card holders tend to purchase more and more products and services online. For the year, spending on credit cards is forecast to rise by 15 per cent. Thakorn Piyapan, head of Krungsri Consumer Group, which operates the Krungsri credit card, Krungsri First Choice Visa, as well as Central’s The 1 credit card and the Tesco Lotus Visa credit card, said the overall business outlook remains bright this year, reflected by strong spending in the … [Read more...] about Songkran offers cheer for credit card providers